Valens Semiconductor Reports 2024 Financial Results and Outlines Ambitious Growth Plan

Valens ( (VLN) ) just unveiled an update.

Valens Semiconductor reported its financial results for the fourth quarter and full year of 2024, highlighting a challenging year due to inventory digestion and market weaknesses. Despite these challenges, the company achieved a fourth consecutive quarter of revenue growth, with Q4 revenues reaching $16.7 million, exceeding guidance. The company also reported a decrease in Q4 GAAP net loss to $7.3 million, and an adjusted EBITDA loss better than expected. Valens is optimistic about 2025, aiming for a turnaround with a five-year plan to potentially quadruple revenues by 2029, driven by growth in existing and new markets. The company completed a $10 million share repurchase program and announced a new $15 million program, reflecting confidence in its long-term growth and commitment to enhancing shareholder value.

More about Valens

Valens Semiconductor Ltd. is a leader in high-performance connectivity, primarily offering high-speed connectivity chipsets. The company focuses on markets such as video conferencing, industrial machine vision, and automotive platforms, leveraging its innovative technology to expand its market presence.

YTD Price Performance: -17.44%

Average Trading Volume: 746,396

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $246.6M

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